Career Education Shares Drop

FedEx earnings rise; FTC won't challenge R.J. Reynolds-BAT deal; plus more of today's stocks in the news

FedEx (FDX ) posted fourth-quarter earnings per share of $1.33, vs. 92 cents on a 21% revenue rise. The company sees first-quarter earnings per share in the range of 90 cents to a dollar, and fiscal 2005 earnings per share in the range of $4.20 to $4.40. FedEx credited the solid numbers to a broad-based economic improvement across many sectors in the U.S. and world economies. Shares were up.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.